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president obama's plan raising taxes but medicare and social security will be largely spared. the budget cuts. we're getting an idea about possible long term impact tax increases voter as proved in proposition 30 could have on state economy. abc 7 news joins us live now with the story. nannette? >> well, higher taxes are not expected to be a major hit to the economy. if you're looking for a job it's hard to hear about a possible slow down in highering. governor brown got voters last month to approve proposition 30. a temporary income tax increase and a boos0qz the sales tax to save public schools. but a new anderson forecast called it a double edged sword because that will have a slight drag on the committee, slowing california growth. >> republicans have been saying that sometime. it change behaviors. it's dampening economic recovery. >> the forecast estimates payroll growth hovering between 1% and 2% in next two years. it predicts the rate will average 10.5% by the end of the year, then improve to 9.7% next year with the jobless rate around 8.4% in 2014. >> jerry shelton is
president obama's plan raising taxes but medicare and social security will be largely spared. the budget cuts. we're getting an idea about possible long term impact tax increases voter as proved in proposition 30 could have on state economy. abc 7 news joins us live now with the story. nannette? >> well, higher taxes are not expected to be a major hit to the economy. if you're looking for a job it's hard to hear about a possible slow down in highering. governor brown got voters last month...
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. >> and president obama and congressional republicans are making plenty of sound bytes about it all. but very little progress. abc's tahman bradley has the details from washington. >> reporter: democrats and republicans remain light years apart. here's president obama, in an interview with bloomberg tv, describing house speaker john boehner's plan to avoid the fiscal cliff. >> unfortunately the speaker's proposal right now is still out of balance. >> reporter: the speaker's plan would raise $800 billion in tax revenue. but does so without raising tax rates for top income earners. the president says that's unacceptable. >> we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> reporter: republicans, like rising star senator marco rubio, say raising taxes on the wealthy is the wrong approach. >> the tax increases he wants would fail to make even a small dent in the debt. it would hurt middle-class businesses and the people who work for them. >> reporter: so, that's the major holdup, taxes. republicans and democrats deeply d
. >> and president obama and congressional republicans are making plenty of sound bytes about it all. but very little progress. abc's tahman bradley has the details from washington. >> reporter: democrats and republicans remain light years apart. here's president obama, in an interview with bloomberg tv, describing house speaker john boehner's plan to avoid the fiscal cliff. >> unfortunately the speaker's proposal right now is still out of balance. >> reporter: the...
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and president obama is facing two, big items on his agenda as the new year approaches. not only is he in a staredown with congress over the fiscal cliff. but a choice for his cabinet may come at the end of this month. and his choice may be a surprising one. we're talking about the top spot for the defense department. >> reporter: we were talking that the president probably next week who he would like to go to the state department. but maybe he's going to do a package deal next week. state department nominee, as well as defense department nominee. and there could be a couple of surprises here. these are the names we've been hearing over the last couple weeks. one is interesting. chuck hagel, a former senator. he's a republican. also, john kerry, currently in the senate. michelle flournoy. hagel would be an interesting pick. if he picks hagel, a republican, that takes some of the heat off of susan rice to be nominated as secretary of state. she's had a tough time on capitol hill talking to republicans. if you get a package deal, a republican and a democrat, that you're no
and president obama is facing two, big items on his agenda as the new year approaches. not only is he in a staredown with congress over the fiscal cliff. but a choice for his cabinet may come at the end of this month. and his choice may be a surprising one. we're talking about the top spot for the defense department. >> reporter: we were talking that the president probably next week who he would like to go to the state department. but maybe he's going to do a package deal next week. state...
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senate republican leader mitch mcconnell says that he laughed out loud thursday when he saw president obama's latest plan to avoid a middle-class tax increase. republicans are demanding more spending cuts. >>> and just as millions of americans shop online, rely on their gifts to be shipped by the holidays, the biggest seaports in the country are at a virtual standstill. union workers at the los angeles and long beach terminals are on strike. protesting outsourcing of jobs. 40% of all u.s. imports come through those terminals. negotiations are set to resume today. >>> very unusual scene just south of there, in san diego. an out-of-control truck slammed into a fire hydrant, sending water shooting cinematically 30 feet into the air. like a geyser. the truck actually plowed into a bar, leaving a gaping 11-foot hole in the wall. thankfully, no one was hurt. >>> now, here's diane sawyer, with a preview of tonight's "world news." diane? >> josh, great to talk to you on this friday. happy weekend to everyone on "gma." and coming up on "world news," please meet this young woman. i think you'll never f
senate republican leader mitch mcconnell says that he laughed out loud thursday when he saw president obama's latest plan to avoid a middle-class tax increase. republicans are demanding more spending cuts. >>> and just as millions of americans shop online, rely on their gifts to be shipped by the holidays, the biggest seaports in the country are at a virtual standstill. union workers at the los angeles and long beach terminals are on strike. protesting outsourcing of jobs. 40% of all...
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. >> president obama is going into campaign mode to win support for his plan. visiting a pennsylvania toy factory today. the deadline is a month and a day away. as abc's karen travers reports. good morning, karen. >> reporter: good morning, rob. good morning, sunny. yesterday was round two between the obama administration and congressional leaders on capitol hill. and things aren't looking good. basically at this point, both sides have laid out an agenda, and they're waiting for the other side to blink. so much for that brief burst of optimism in washington over the fiscal cliff talks. now republicans and democrats can't even agree on where things stand. >> no substantive progress has been made in the talks. >> and you know there is progress. >> treasury secretary tim geithner sat down with bipartisan congressional leaders to keep pushing for a deal. a top boehner aide said the plan geithner presented is, quote, completely unrealistic. and a top democratic aide said republicans have taken to screaming at them. if no action is taken by december 31st, 650 billion
. >> president obama is going into campaign mode to win support for his plan. visiting a pennsylvania toy factory today. the deadline is a month and a day away. as abc's karen travers reports. good morning, karen. >> reporter: good morning, rob. good morning, sunny. yesterday was round two between the obama administration and congressional leaders on capitol hill. and things aren't looking good. basically at this point, both sides have laid out an agenda, and they're waiting for the...
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president obama has rejected the latest republican offer. he's taking a very hard line in the talks. >>> there's growing outage here in new york city over a front-page photo from "the new york post" yesterday. this man has just fallen down on the tracks. is just seconds away from a subway train hitting and killing him. many people upset why the photographer was taking the picture and not helping the man. this morning, he's talking out, justifying why he took the photo. and why so many other folks were running away. there's nobody there trying to help him off the tracks. >> he says he was trying to help. we're going to get into that. >>> also, you guys over there took advantage of the spring weather yesterday. >> yes, we did. we needed a walk. but more importantly, we needed to see our old pal, robin. we got to walk through the riverside park, as the sun was setting on a beautiful day in manhattan. it's always the case. she's always the -- >> she looks fantastic. >> she is the best medicine for us. it was amazing. >> and let me tell you, only
president obama has rejected the latest republican offer. he's taking a very hard line in the talks. >>> there's growing outage here in new york city over a front-page photo from "the new york post" yesterday. this man has just fallen down on the tracks. is just seconds away from a subway train hitting and killing him. many people upset why the photographer was taking the picture and not helping the man. this morning, he's talking out, justifying why he took the photo. and...
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officials and prompted a stern warning from president obama. and abc's martha raddatz is here with the details this morning. good morning, martha. >> reporter: good morning, josh. this morning, a u.s. official is confirming that over the weekend, the syrian military loaded elements of the deadly nerve gas, sarin, on to bombs on or near syrian airfields. there's 40 chemical weapons sites like this one. one drop of sarin can kill you within minutes. the theory is that the sarin bombs could be put on syrian warplanes to use against the opposition forces. there's no way to know for certain if that was the plan. but president obama was so concerned, he issued that strong warning on monday. and since then, there has been no activity at those airfields. and the syrian government insists it will not use chemical weapons. but that does not mean this threat has gone away. opposition forces are gaining ground in syria's capital, putting more pressure on syria's unpredictable and vicious president. josh? >> and as news becomes available, we'll have it for
officials and prompted a stern warning from president obama. and abc's martha raddatz is here with the details this morning. good morning, martha. >> reporter: good morning, josh. this morning, a u.s. official is confirming that over the weekend, the syrian military loaded elements of the deadly nerve gas, sarin, on to bombs on or near syrian airfields. there's 40 chemical weapons sites like this one. one drop of sarin can kill you within minutes. the theory is that the sarin bombs could...
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he was president obama's strategist during the campaign. promised to shave off his mustache if the president lost pennsylvania. that did not happen. he's done it for a better cause this morning. there he is on msnbc's "morning joe" this morning. >> wow. >> he agreed to save the mustache for this. the committee for epilepsy cure. they raised $1 million. he said he would shave the mustache if they got the $1 million. and they did. you see it now. the first time his wife will ever see him without a mustache. >> unbelievable. >> first time he's had a naked face. >> do we see -- >> since he was 17 years old. >> just do half of it. >> i do like that with a great straight razor. that's very cool. >> great story. great cause. thank you so much, george. >>> we continue in "pop news." let's get back to what we know is also very important. "fifty shades of grey," people. a quick update for you. today, we call it 50 shades of green. that's what employees at random house are seeing this morning after the chief executive promised each and every one of th
he was president obama's strategist during the campaign. promised to shave off his mustache if the president lost pennsylvania. that did not happen. he's done it for a better cause this morning. there he is on msnbc's "morning joe" this morning. >> wow. >> he agreed to save the mustache for this. the committee for epilepsy cure. they raised $1 million. he said he would shave the mustache if they got the $1 million. and they did. you see it now. the first time his wife will...
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monday, president obama warned syria not to use its chemical arsenal. we will stay on top of this developing story on this thursday morning. >> the u.s. made it very clear any use of chemical weapons by the assad regime would be a red line for the country we would, unlike up until now, invoke military action to solve the situation, rebels getting close to damascus, a precarious situation, any use of chemical weapons would spawn deeper u.s. intervention. so something military families may want to keep an eye on as that develops. >> 100 people dying a day since the weekend. >> in damascus there. >>> also, major developments in the case of a missing leukemia patient. >> last seen on a hospital security video more than a week ago. now her father claims she is in mexico. abc's brandi hitt joins us from los angeles with the latest twist on this strange story. brandi. >> reporter: good morning, rob, paula. at first emily's father denied knowing where his daughter was. now he says his family had good reason to move her from the hospital early. after a week-long
monday, president obama warned syria not to use its chemical arsenal. we will stay on top of this developing story on this thursday morning. >> the u.s. made it very clear any use of chemical weapons by the assad regime would be a red line for the country we would, unlike up until now, invoke military action to solve the situation, rebels getting close to damascus, a precarious situation, any use of chemical weapons would spawn deeper u.s. intervention. so something military families may...
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france by president obama. very interesting. [ laughing ] ahh, cloudy glasses. you didn't have to come over! easy. hi. cascade kitchen counselor. look! over time, cascade complete pacs fight film buildup two times better than finish quantum to help leave glasses sparkling. cascade. the clear choice. with resolve deep clean powder. the moist powder removes three times more dirt than vacuuming alone while neutralizing odors for a clean you can see, smell and really enjoy. don't just vacuum clean. resolve clean. [ female announcer ] he could be the one. soulmate. husband. loving father to your children. but first you've got to get him to say, "hello." new crest 3d white arctic fresh toothpaste. use it with these 3d white products, and whiten your teeth in just 2 days. what will a 3d white smile do for you? new crest 3d white toothpaste. life opens up when you do. ♪ you're a mean one mr. grinch ♪ you really are a heel ♪ you're a mean one mr. grinch ♪ you really are a heel >> i love when his heart turns soft. [ laughter ] he has one. >>> here's a story about
france by president obama. very interesting. [ laughing ] ahh, cloudy glasses. you didn't have to come over! easy. hi. cascade kitchen counselor. look! over time, cascade complete pacs fight film buildup two times better than finish quantum to help leave glasses sparkling. cascade. the clear choice. with resolve deep clean powder. the moist powder removes three times more dirt than vacuuming alone while neutralizing odors for a clean you can see, smell and really enjoy. don't just vacuum clean....
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president obama told bloomberg tv a deal is possible, but -- >> unfortunately the speaker's proposal right now is still out of balance. >> reporter: that plan sent to the white house offers a total of $2.2 trillion in deficit reduction over the next decade. that includes $1.2 trillion in spending cuts and $800 billion in new tax revenue, but here's the key. no rate increases in the top 2% of taxpayers. that's non-negotiable for president obama. >> we're not going to be able to got a deal without it. >> reporter: the white house says the republicans' math just doesn't add up. >> it's magic beans and fairy dust. >> reporter: negotiations have reached a stalemate. >> there's nothing going on privately that is not going on publicly. >> reporter: there is no plan at this time for congressional leaders to meet with the president at the white house, and it doesn't sound like he's sending out invitations any time soon. >> i don't think that the issue right now has to do with sitting in a room. >> reporter: earlier, the president met with the bipartisan group of governors. >> we understand th
president obama told bloomberg tv a deal is possible, but -- >> unfortunately the speaker's proposal right now is still out of balance. >> reporter: that plan sent to the white house offers a total of $2.2 trillion in deficit reduction over the next decade. that includes $1.2 trillion in spending cuts and $800 billion in new tax revenue, but here's the key. no rate increases in the top 2% of taxpayers. that's non-negotiable for president obama. >> we're not going to be able to...